ISAs
- Thread starter gbb
- Start date
Page may contain affiliate links. Please see terms for details.
Beebo
Firm and Fruity
- Location
- Hexleybeef
The lady from accounts imposing 22% tax on cash held in stock & shares isa's will cost far more in bureaucracy than they will get from the tax
It’s scaremongering from the usual sources.
The decision to tax cash in a S&S isa is to stop people from using it as a loop hole, because the cash limit is now £12k.
There really can’t be many people who exhaust their full £12k cash isa every year, but are too nervous to put the remaining £8k in a very safe vanilla market tracker.
- Location
- Somewhere wet & hilly in NW England.
The £12000 Cash ISA limit will only apply to under 65's - just to avoid any confusion in the thread.
Beebo
Firm and Fruity
- Location
- Hexleybeef
And anyone over 65 with a spare £20k per annum really doesn’t have much to worry about.
kingrollo
Legendary Member
They do - you seen the waiting list for the 2027 pinarello dogma ?
Drago
Legendary Member
- Location
- Suburban Poshshire
Im not worried in in one sense.
Conversely, I didn't get to that position by being needlessly tax inefficient so a degree of worry, concern or diligence (delete to taste) is a healthy thing if the goal is to end the year in a better position than when you started.
IDSA'S sre becoming too much hassle for the returns involved, so I pulled out (paging @Fnaar !) earlier in the year. With one email my UK broker engaged his US NASDAQ contact and with the same cash I did better with SpaceX shares in a single hit than I could have done in 2 decades maxing out the same amount in ISA'S, for no additional grief. The calculated risk was probably no greater over the long term, although in the event it turned out to be a very tasty in-and-out job. Daughter #3 is an accountant and handles the other end for me.
And im not over 65.
The ISA changes have been subject of increasingly consistent rumours and speculation for some time. Market analysts have suggested for a while now that people are simply going to do other things with their money when this happens, and early indications are theyll be right with a vengeance. People are going to invest, but not in the manner this change is engineered to bring about. People are stratingmtk think that if theyre going to get bent over for the tax anyway they may as well invest properly and have the returns that make it worthwhile, or that the returns aren't worth the hassle of tax returns etc and will just bail from the market entirely.
Last edited:
kingrollo
Legendary Member
Thinking of a stocks & shares ISA.
How does it generate income if you invest a lump sum. Back in the day I did personal equity plans - buying a set amount each month. I took some security from the fact that should the unit price tumble you simply got more shares next month for the same outlay
But investing a lump sum the price at the time of investment seems key. Anyone with more knowledge care to explain how it works ?
How does it generate income if you invest a lump sum. Back in the day I did personal equity plans - buying a set amount each month. I took some security from the fact that should the unit price tumble you simply got more shares next month for the same outlay
But investing a lump sum the price at the time of investment seems key. Anyone with more knowledge care to explain how it works ?
- Location
- Somewhere wet & hilly in NW England.
The underlying share prices either rise or fall in value plus any dividends generated can be reinvested - the latter sometimes by default and sometimes by choice.
You can make monthly payments into a Stocks and Shares Isa and will pay the prevailing unit price at the time of purchase.
Generally these are long-term investments and can be a roller coaster ride with your total investment value rising and falling, often in sync with major world events.
A J Bell & Hargreaves Lansdown are big hitters in the sector.
Seek professional advice if you are still unsure after fully researching on the Web.
kingrollo
Legendary Member
Can you see the value of your investment at anytime ? By logging on or using an app ?
I use Trading212 - it’s free to use and from my experience , a good service.
As @SpokeyDokey says, investments are not a short term activity. You need to think of a longer term view of say 5 years. An ISA doesn’t remove any risk, it just ensures any gains are free of tax.
Not financial advice but investing in EFT trackers spreads your risk and gives you the benefit of the upside as and when it happens which is far less risk than individual stocks.
You can invest a lump sum or trickle into your ISA each month and invest aligned to your appetite for risk.
As @SpokeyDokey says, investments are not a short term activity. You need to think of a longer term view of say 5 years. An ISA doesn’t remove any risk, it just ensures any gains are free of tax.
Not financial advice but investing in EFT trackers spreads your risk and gives you the benefit of the upside as and when it happens which is far less risk than individual stocks.
You can invest a lump sum or trickle into your ISA each month and invest aligned to your appetite for risk.
- Location
- Somewhere wet & hilly in NW England.
Yes. Certainly with A J B & H L.
vickster
Squire
Yes with Vanguard and Wealthify that I have and track performance (up and down). As I also can with the three personal pensions I have